Anabki Kosan Inc. (8928) AI Stock Analysis

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Anabki Kosan Inc.

(TSE/TYO:8928)

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Rating:64Neutral

Price Target:JPY 2,510.00▲(7.22% Upside)

Action:reiterated

Date:08/17/26

The score is primarily driven by a mixed financial profile: steady profitability but meaningful cash flow volatility/negative free cash flow and elevated leverage (largest constraint). Offsetting this, valuation is notably favorable (low P/E with a solid dividend yield). Technicals are mildly supportive with positive momentum, though short-term indicators look extended.

Positive Factors

Sustained ProfitabilityThe company remains profitable despite uneven revenue and margin pressure. Continued positive net income provides an operating base for reinvestment and debt servicing, although profitability is not currently expanding strongly.

Negative Factors

Elevated LeverageHigh reliance on debt increases sensitivity to slower property sales, refinancing conditions, and financing costs. Leverage can amplify returns in strong markets but reduces flexibility and raises downside risk during a development-cycle downturn.

Anabki Kosan Inc. (8928) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 24.52B
Dividend Yield: 3.33%
Average Volume (3M): 7,093
Price to Earnings (P/E): 5.3
Beta (1Y): 0.36
Revenue Growth: 6.03%
EPS Growth: 24.01%
Country: Japan
Employees: 1,750
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Anabki Kosan Inc. Business Overview & Revenue Model

Company Description

Anabuki Kosan Inc., established in 1964 and headquartered in Takamatsu, Japan, is a leading entity in the nation's real estate sector. Its core operations encompass the development and sale of custom-built houses and apartment complexes, alongside pr...

How the Company Makes Money

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Anabki Kosan Inc. Financial Statement Overview

Summary

Income statement profitability is steady but pressured (gross margin down from ~22.6% in 2022 to ~18.4% in 2026; net margin thin ~2.8%–3.8%), and revenue has been inconsistent with declines in 2025–2026. The balance sheet shows elevated leverage (debt-to-equity ~1.7–1.9), which adds cyclical risk. The largest drag is cash flow: operating cash flow is volatile and often negative (including 2026), and free cash flow is negative in most years, raising liquidity and execution/timing risk despite reported profits.

Income Statement

62Positive

Balance Sheet

58Neutral

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	138.88B	138.88B	130.97B	134.50B	113.84B	111.34B
Gross Profit	25.51B	25.51B	26.23B	26.72B	25.68B	24.79B
EBITDA	9.36B	9.80B	6.87B	6.82B	7.59B	8.41B
Net Income	4.62B	4.62B	3.72B	4.84B	4.05B	4.19B
Balance Sheet
Total Assets	157.21B	157.21B	148.14B	136.30B	126.61B	113.34B
Cash, Cash Equivalents and Short-Term Investments	6.64B	6.64B	6.97B	9.56B	8.30B	8.20B
Total Debt	81.41B	81.41B	75.22B	70.92B	65.67B	57.19B
Total Liabilities	109.45B	109.45B	104.49B	95.84B	90.36B	80.49B
Stockholders Equity	47.64B	47.64B	43.56B	40.38B	36.16B	32.76B
Cash Flow
Free Cash Flow	0	-5.14B	-2.14B	-3.23B	-10.91B	169.49M
Operating Cash Flow	0	-4.54B	55.03M	-1.14B	-7.86B	1.80B
Investing Cash Flow	0	-1.63B	-6.54B	-2.23B	130.95M	1.80B
Financing Cash Flow	0	5.52B	3.58B	4.62B	7.83B	-379.32M

Anabki Kosan Inc. Technical Analysis

Technical Analysis SentimentPositive

Last Price2341.00

Price Trends

50DMA2321.02Positive

100DMA2301.39Positive

200DMA2387.88Negative

Market Momentum

MACD4.88Positive

RSI54.23Neutral

STOCH34.43Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8928, the sentiment is Positive. The current price of 2341.00 is above the 20-day moving average (MA) of 2330.80, above the 50-day MA of 2321.02, and below the 200-day MA of 2387.88, indicating a neutral trend. The MACD of 4.88 indicates Positive momentum. The RSI at 54.23 is Neutral, neither overbought nor oversold. The STOCH value of 34.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8928.

Anabki Kosan Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:8928 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:8898	81Outperform	JPY 11.69B	12.86	―	4.71%	4.75%	15.83%
JP:3276	77Outperform	JPY 36.75B	16.51	―	2.81%	0.43%	-2.62%
JP:8928	64Neutral	JPY 24.65B	5.31	―	3.33%	6.03%	24.01%
JP:3486	64Neutral	JPY 29.84B	7.90	―	4.21%	-24.53%	-35.78%
JP:2970	62Neutral	JPY 19.48B	12.99	―	―	24.28%	-6.41%
JP:3252	60Neutral	JPY 56.92B	9.10	―	4.59%	87.05%	146.41%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:8928 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:8928	Anabki Kosan Inc.	2341.00	266.28	12.83%
JP:2970	GOOD LIFE COMPANY,INC.	1144.00	-25.00	-2.14%
JP:3252	JINUSHI Co.,Ltd.	2724.00	-87.49	-3.11%
JP:3276	Japan Property Management Center Co.Ltd.	2244.00	1051.64	88.20%
JP:3486	GLOBAL LINK MANAGEMENT INC.	1911.00	-643.07	-25.18%
JP:8898	Century21 Real Estate of Japan Ltd.	1125.00	73.59	7.00%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 17, 2026

Anabki Kosan Inc. AI Stock Analysis